Earlier this week, it was announced that of the five remaining bidders looking to win the Yahoo! auction, only a few would get a chance to submit a final offer following Monday's submission deadline.
Reportedly, Verizon was the only one to offer below $4 billion for Yahoo! -- but this did not include real estate or patents. Now, details have emerged the phone company is indeed buying the real estate and Yahoo! in a bid for $5 billion, but still won't buy the patents.
The deal could be announced within the next few days. It would be Verizon's second notable internet acquisition in as many years after buying AOL last year.
Shares of Yahoo! closed at $39.38 Friday, up 1.4%, while Verizon closed at $56.10, up 1.3%.
After launching in 26 countries around the world and following a brief setback, the interactive game finally launched in Japan this week as well. The game was supposed to launch a few days ago, but because of a leaked email between the app owners and McDonald's (MCD) - Get Report -- the game's first paying sponsor -- the release was delayed over concerns of over-demand.
The game has already become the top-gross app in the U.S. and the U.K., and it's expected to do the same in Japan as well, according to App Annie.
If the app catches on in Japan like it has in the U.S. and other locations, that will likely provide a boost to shares of Nintendo (NTDOY) . The stock had climbed by more than 100% in the past month as of Monday's close, but has dropped more than 20% since then.
American shares of the over-the-counter-traded Nintendo closed at $29.19 Friday, down 10%.
Apple will open its first retail location in Taiwan. While the company may be seeing a slowdown in some portions of its business, it's surely not stopping the tech giant from expanding elsewhere. Perhaps it's encouraging it.
Earlier this week, we noted that Apple may finally be granted access to open stores in India, as the country makes an exception to the company.
Also, we noted the company's roughly $1.4 billion bond raising efforts in Taiwan early last month. Taiwan is noteworthy because so many of the company's in Apple's supply chain are located there. But apparently the tech giant had a different idea.
The company, which boasts the "highest sales per square foot in the industry", according to Reuters, will look to carry it's success overseas.
Shares of Apple closed at $98.66 Friday, down 0.8%.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.